Taiwan, Singapore seek to promote economic cooperation

Lin Chia-lung (林佳龍)

Singapore, Jan. 19 (CNA) Major business groups from Taiwan and Singapore met in the city-state Friday at a business conference promoting economic cooperation and exchanges between the two nations.

The joint meeting between the Taipei-based Chinese International Economic Cooperation Association (CIECA) and Singapore Business Federation (SBF), the 14th of its kind, brought together about 180 business leaders from Taiwan and Singapore.

The SBF-CIECA conference seeks to promote business exchanges between the two countries and serves as a platform on which companies can cooperate more closely.

Douglas Hsu (徐旭東), chairman of CIECA's Singapore Committee and CEO of Far Eastern Group, said in his opening speech that Taiwan and Singapore share similar advanced economy elements and should work together to tap into other emerging markets in the region.

The global economy is evolving constantly, and businesses must keep abreast of ever-changing trends to remain competitive, Hsu added.

The topics of discussion on Friday included smart city development, smart logistics, financial services and third country collaboration.